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MSD Partners, China s Panacea raise $200m SPAC to target biotech, life sciences sectors
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Startup Funding: April 2021
April showers brought mega fundraising rounds to the semiconductor industry. In China, a mobile chipset maker looking to go public won significant funding along with partnerships with major smartphone companies. In the US, AI hardware startups are drawing interest with unique processor architectures and business models. Plus, a major test and design services company drew new investment. This month, we take a look at 22 companies that collectively raised over $2.3B.
Semi & design
Guosheng Capital,
Haier Financial, and
W&W Fund among the participants. The fabless company designs a range of chipsets for mobile and IoT/IIoT applications, including 5G mobile and baseband as well as NB-IoT. It is currently working with Xiaomi and OPPO on a sub-6GHz 5G chip. Formerly known as Spreadtrum before its acquisition by Tsinghua Unigroup, Unisoc is based in Shanghai, China. It is reportedly preparing to list on the Shanghai STAR market later this year.
How Duolingo became fluent in monetization
Duolingo EC-1 Part 3: Monetization
As its meandering route to monetization will demonstrate, Duolingo isn’t mission-oriented, it’s mission-obsessed.
Co-founders Luis von Ahn and Severin Hacker never wanted to charge consumers for access to Duolingo content, a purpose imbued throughout the company’s culture. For years in order to work at Duolingo, you had to be comfortable with joining a company in Pittsburgh that was in no rush to make money. The startup, filled with education enthusiasts and mission-driven employees, became “very college pizza vibes,” Gina Gotthilf, former VP of Marketing at Duolingo, described. Everyone was against making money and having structure some employees even threatened to quit if Duolingo ever charged a cent to users.
Venture capitalist Vinod Khosla pledges $10 million to aid India s Covid-19 fight
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Last Updated: May 03, 2021, 05:31 PM IST
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Synopsis
On Monday morning, he tweeted that the Khosla family is adding $10 million to the Give India Foundation and hoping others will join in
ETtech
Venture capitalist Vinod Khosla
As the Covid-19 pandemic continues to wreak havoc in India, the startup and investor community has stepped up its efforts to reach more people in need. Venture capitalist Vinod Khosla, among the most prominent Indian American names in Silicon Valley, has been at the forefront of the donation drive to help India in this time of crisis.
Ellen Pao: Meritocracy in tech is a myth CNN 2 hrs ago By Michelle Toh, CNN Business © Steve Jennings/Getty Images SAN FRANCISCO, CALIFORNIA - OCTOBER 04: Project Include Co-Founder & CEO Ellen Pao speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 04, 2019 in San Francisco, California. (Photo by Steve Jennings/Getty Images for TechCrunch)
The biggest myth about working in the tech industry is that it s based on a meritocracy.
So says Ellen Pao, the former Reddit CEO and venture capitalist, who is urging companies to take another look at how inclusive their workplaces really are as communities around the world grapple with a rise in anti-Asian hate.
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